Alaska Putting Pieces Back Together Following Massive Quake

Article 0 Comments The supply chain of food and other goods delivered to the Port of Anchorage from the Lower 48 has not been disrupted by the powerful earthquake that caused widespread damage to roads in the Anchorage area. “The ships are coming in on schedule, the supply lines are […]

Austin’s Flood-Induced Boil-Water Decree Could Last Weeks, Official Says

Article 0 Comments Nearly 900,000 people in Texas’ capital may have to boil their tap water for two weeks, an official said Tuesday, as authorities struggled to treat a water supply filled with silt, mud and debris after recent heavy rains and flooding. The Austin American-Statesman reports that Travis County […]

Insurers Forecasting Significant Claims from Businesses from Hurricane Florence

Article 0 Comments Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and around North Carolina, start the clock ticking […]

Rising Missouri River Impacting North Dakota Marinas

Article 0 Comments Rising water levels in the Missouri River are impacting Bismarck, N.D., marina businesses that have had to deal with inundated docks and problems with power. The U.S. Army Corps of Engineers increased water releases in June from the Garrison Dam from 52,000 cubic feet per second to […]

10 Months After Harvey, Popular Texas Beach Town Still Recovering

Article 0 Comments Hurricane Harvey battered Deven Bhakta’s Port Aransas, Texas, hotel until it was uninhabitable. The Austin American-Statesman reports the Category 4 hurricane’s 130 mph winds blew out windows and stripped parts of the roof off the three-story Holiday Inn Express, while the resulting storm surge filled the hotel […]

North Dakota Businesses Hobbled by Trucking Delays

Article 0 Comments North Dakota businesses that rely on truck drivers for supplies have been experiencing delays due to mandated electronic logging devices. Delivery times to Dakota Gasification Co. have sometimes doubled or tripled after the Federal Motor Carrier Association began requiring the electronic logging devices for commercial drivers this […]

San Antonio Among Numerous Texas Cities With Drought Water Use Restrictions

Article 0 Comments Some South Texas cities have started restricting water usage due to dropping Edwards Aquifer levels amid drought conditions. The Edwards Aquifer Authority this week announced Stage 1 pumping restrictions after the 10-day average level of an index well dropped below the minimum 660 feet. Permit holders in […]

How Parametric Products Work to Supplement Indemnity Policies: RIMS

Article 0 Comments Corporate risk managers are buying parametric insurance policies to supplement, not replace, their indemnity-based policies. The parametric products worked well with customers hit by the 2017 hurricanes, according to Robert Nusslein, head of Swiss Re’s Innovative Risk Solutions Americas, who conducted a whirlwind tour of how they […]

SBA Loans Made Available in New Mexico, Arizona for Drought Economic Injury

Article 0 Comments The Small Business Administration says disaster loans are available to small nonfarm businesses in 13 counties in New Mexico and one in Arizona to offset economic losses because of reduced revenues caused by drought in two of the New Mexico counties. The two so-called primary counties are […]

Effects of Cyber Breaches on Corporate Bottom Line: Viewpoint

Article 0 Comments Cyberattacks are an increasingly common threat to business, with risk officers listing cybersecurity as their greatest concern and more than 2,200 confirmed data breaches in 2017, according to a new report from Verizon. The headlines about hacking often focus on potential harm to consumers whose data is […]